The collaboration between Volkswagen and Xpeng in the realm of electric cars for the Chinese market has been gaining momentum. With Volkswagen’s $700 million investment in Xpeng to jointly develop two electric cars for delivery in China by 2026, it is evident that both companies are committed to pushing the boundaries of innovation. Xpeng’s co-president
Finance
Ignoring a big tax bill can have serious repercussions when it comes to your passport. Recent years have seen an increase in cases where the federal government revokes or limits passports due to seriously delinquent tax debts. It is crucial for taxpayers to understand the potential risks involved in ignoring their tax obligations. A “seriously
In the recent quarterly reports of major Chinese companies, it has been highlighted that the local market poses challenges for stock pickers. Lorraine Tan, the director of Asia equity research at Morningstar, emphasized in a recent interview the unique outperformance of certain companies in the market. This trend suggests that there is more weakness across
In anticipation of the Federal Reserve’s upcoming interest rate decision in September, more and more investors are turning their attention towards dividend stocks. Paul Baiocchi of SS&C ALPS Advisors believes that this is a wise move, especially with his prediction of the Fed easing rates. He notes that investors are shifting away from money markets
In the wake of the Covid-19 pandemic, remote work has transformed from a temporary solution to a lasting feature of the U.S. labor market. Economists agree that this shift represents one of the most significant changes in recent decades, with the potential to shape the way we work for years to come. According to Nick
Several companies are making positive strides in pre-market trading, indicating potential growth and investor interest. Companies such as Crocs, Agilent Technologies, and Nordson experienced stock increases after surpassing expectations in their fiscal reports. This signifies strong performance and the possibility of sustained success in the future. Additionally, companies like Synopsys and Wolfspeed showed resilience in
The recent downward revisions to U.S. payrolls, amounting to 818,000 jobs – the largest since 2009, have sparked a great deal of debate regarding their significance. Some are quick to interpret these revisions as a signal of an impending recession, drawing parallels to the economic downturn of 2009. However, it is crucial to carefully consider
Bank of America’s stock took a hit, falling 2% after Warren Buffett’s Berkshire Hathaway revealed it was further reducing its stake in the bank. This news comes after a 12-day selling streak that started in mid-July, with the conglomerate selling 13.9 million more shares for $550.7 million over the past three trading days. Berkshire’s stake
In midday trading, Advanced Micro Devices saw a more than 2% increase in its stock price following the announcement of its plans to acquire server builder ZT Systems in a deal worth $4.9 billion. This move shows the company’s commitment to expanding its presence in the tech industry. Conversely, HP experienced a decline of over
As market volatility continues to make investors uneasy, exploring alternative strategies to protect investments becomes crucial. CEO of Innovator ETFs, Bruce Bond, suggests that buffer exchange-traded funds present an opportunity to shield against the market’s downward trends. These buffer ETFs cater to individuals seeking market exposure while mitigating risks associated with it. The buffer ETFs
Rocket Lab, a space company, saw its stock price soar more than 16% after it announced the packing and shipping of two Mars-bound spacecraft to Cape Canaveral, Florida, for launch. This milestone achievement contributed to Rocket Lab hitting a 52-week high and generated significant interest among investors. Bavarian Nordic’s Vaccine Approval On the other hand,
UBS CEO Sergio Ermotti recently addressed the issue of market volatility, predicting that it could potentially intensify in the second half of the year. While some investors have expressed concerns about a possible recession in the United States, Ermotti remains optimistic, stating that a slowdown is more likely than a full-blown recession. The recent sell-offs
Cisco Systems experienced a 6% jump in its stock after reporting an earnings and revenue beat for its fiscal fourth quarter. The networking company posted adjusted earnings of 87 cents per share on revenue of $13.64 billion, surpassing analysts’ expectations. Despite this positive news, both revenue and earnings for the fiscal year decreased, marking the
The volatile nature of the stock market is evident in the premarket trading activities of various companies. Kellanova’s shares rose significantly after agreeing to be acquired by Mars, while Alphabet experienced a drop in share prices due to reports of potential regulatory actions. This highlights the influence of external factors on company performance and investor